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What is Balanced Scorecard for Strategic Management about?

The Balanced Scorecard is a management system that translates strategic goals into measurable objectives across four perspectives: internal analysis, customer analysis, financial analysis, and learning and growth. It has strengths such as providing structure to strategy, enhancing communication, and aligning departmental goals, but also weaknesses including a lack of focus on external factors and potential complexity for some organizations. Overall, it aims to improve strategic performance management by mon

Author

nigelhovehove

Language

EN